Market overview

Канадский доллар рухнул во вторник, показав максимальное падение за последний месяц против доллара США после того, как центральный банк Канады понизил прогнозы экономического роста и оставил основную учетную ставку на прежнем уровней. Согласно Банку Канады, экономике страны может понадобиться больше времени для того, чтобы вернуться к докризисным уровням из-за проблем в ЕС и снижения темпов роста экономики в США - крупнейшем торговом партнере Канады.

EUR/USD tried to overcome the phsycologically important level of $1.3300 before having returned to the middle of the afternoon range.

GBP fell down against USD and high risk currencies on Tuesday ahead of the UK Construction PMI release amid disappointing forecasts. That could rise concerns about the additional measures from Bank of England to support the slowing economy.

EUR/USD is under pressure after published Chinese and German economic data showed that world economy weakened, boosting demand on oasis currencies.

The New Zealand dollar was under pressure on Tuesday after New Zealand’s “AAA” rating was lowered by Fitch and Standard & Poor’s, both agencies having referred to the country’s high debt load. Finance Minister Bill English said it was his country’s hypersensitivity to the European debt crisis that motivated the downgrade.

Both Australian and New Zealand dollars appreciated against the US dollar and the yen on Thursday after situation on Asian stock markets turned bullish and the MSCI Asia Pacific Index managed to close the session 0.4% up, following the 1.3% downfall in the morning.

The New Zealand dollar, known as the Kiwi, grows second day in a row agains the US dollar and the yen on the back of the rising prices for raw materials. It positively affects the perspectives of the national exports, mainly consisting of exactly raw materials.

Rumors about the intention of HSBC to convert its dividend payouts underpinned the rate as well as speculations on ability of Great Britain to maintain top credit rating, when default in Greece is becoming inevitable, lends GBP some kind of support.

The British pound grew versus dollar for the first time in 3 days after G20 countries called for a “strong and coordinated” response to the challenges posed by the world economy.

The Aussie fell below the parity against USD on Thursday for the first time in the last six weeks. The sell-off was bolstered by China’s statistic data, which allows to assume risks of further weakening in the development sector of the country.